The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Tuesday for the seventh consecutive day, decreasing 1.1 cents to $4.738.
The average price has dropped 6.8 cents over the past seven days, including one-tenth of a cent Monday, according to figures from AAA and the Oil Price Information Service. It is 1.1 cents less than one month ago and 26.2 cents lower than one year ago.
The average price has dropped $1.755 since rising to a record $6.493 on Oct. 5, 2022.
The Orange County average price resumed decreasing, dropping 1.3 cents to $4.647, one day after a run of 16 decreases in 17 days totaling 10.8 cents ended when it was unchanged.
The Orange County average price is 6.5 cents less than one week ago, 4.7 cents lower than one month ago and 25.8 cents below what it was one year ago.
The national average price decreased for the 10th time in 11 days, dropping four-tenths of a cent to $3.137. It has fallen 5.9 cents over the past 11 days, including two-tenths of a cent Monday. The average price dropped five consecutive days, rose three-tenths of a cent on Thursday and resumed decreasing Friday.
The national average price is 3.7 cents less than one week ago, 3.3 cents lower than one month ago and 39.5 cents below what it was one year ago. It has dropped $1.879 since rising to a record $5.016 on June 14, 2022.
“The national average price of gasoline has continued its gentle descent over the last week, with the most notable declines seen in the Great Lakes region, where a minor refinery issue was resolved, sending wholesale gas prices lower,” Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations, said in a statement.
“We’re also beginning to see prices retreat in California, a trend that should soon extend across much of the West Coast as additional gasoline shipments from Asia help offset recent refinery disruptions. While gasoline inventories remain somewhat tight heading into the summer, I’m optimistic that increased refinery output could pave the way for further price declines.
“That said, any unexpected outages could still cause short-term price bumps.”